{"id":39693,"date":"2026-03-05T17:43:41","date_gmt":"2026-03-05T17:43:41","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%eb%b6%88%ed%99%95%ec%8b%a4%ec%84%b1%ec%97%90%eb%8f%84-%eb%b6%88%ea%b5%ac%ed%95%98%ea%b3%a0-ecb-%ec%a0%95%ec%b1%85%ec%9d%b4%ec%82%ac%ed%9a%8c%eb%8a%94-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98\/"},"modified":"2026-03-05T17:43:41","modified_gmt":"2026-03-05T17:43:41","slug":"%eb%b6%88%ed%99%95%ec%8b%a4%ec%84%b1%ec%97%90%eb%8f%84-%eb%b6%88%ea%b5%ac%ed%95%98%ea%b3%a0-ecb-%ec%a0%95%ec%b1%85%ec%9d%b4%ec%82%ac%ed%9a%8c%eb%8a%94-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%eb%b6%88%ed%99%95%ec%8b%a4%ec%84%b1%ec%97%90%eb%8f%84-%eb%b6%88%ea%b5%ac%ed%95%98%ea%b3%a0-ecb-%ec%a0%95%ec%b1%85%ec%9d%b4%ec%82%ac%ed%9a%8c%eb%8a%94-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98\/","title":{"rendered":"\ubd88\ud655\uc2e4\uc131\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0, ECB \uc815\ucc45\uc774\uc0ac\ud68c\ub294 \uc778\ud50c\ub808\uc774\uc158 \ucd94\uc138\uc5d0 \ub300\ud574 \uc5ec\uc804\ud788 \ud655\uc2e0\uc744 \uc720\uc9c0\ud558\uace0 \uc788\ub2e4\uace0 2\uc6d4 \ud68c\uc758 \ud68c\uc758\ub85d\uc740 \uc804\ud588\ub2e4."},"content":{"rendered":"ECB(\uc720\ub7fd\uc911\uc559\uc740\ud589)\uc758 2\uc6d4 \ud1b5\ud654\uc815\ucc45 \ud68c\uc758 \u2018\ud68c\uc758\ub85d(Accounts: \ud68c\uc758 \ub17c\uc758\uc640 \uacb0\uc815 \uc774\uc720\ub97c \uc815\ub9ac\ud55c \ubb38\uc11c)\u2019\uc5d0 \ub530\ub974\uba74, \uc0c8\ub85c \ub4e4\uc5b4\uc628 \uacbd\uc81c \uc9c0\ud45c\ub294 \ub300\uccb4\ub85c 12\uc6d4 \u2018\uc9c1\uc6d0 \uc804\ub9dd(staff projections: ECB \ub0b4\ubd80 \uacbd\uc81c\uc804\ubb38\uac00\ub4e4\uc774 \ub9cc\ub4e0 \uacf5\uc2dd \uc804\ub9dd\uce58)\u2019\uacfc \u2018\uae30\ubcf8 \uc778\ud50c\ub808\uc774\uc158 \uc804\ub9dd(baseline inflation outlook: \uac00\uc7a5 \uac00\ub2a5\uc131\uc774 \ub192\ub2e4\uace0 \ubcf4\ub294 \ubb3c\uac00 \uc804\ub9dd)\u2019\uc5d0 \ubd80\ud569\ud588\ub2e4. \ub610\ud55c \ucd5c\uadfc\uc758 \u2018\ucda9\uaca9(shocks: \uc5d0\ub108\uc9c0 \uac00\uaca9 \uae09\ub4f1 \uac19\uc740 \uc608\uc0c1 \ubc16 \uc0ac\uac74)\u2019\uc774 \ub354 \ub69c\ub837\ud574\uc9c0\uace0 \uc788\uc73c\uba70, \uc804\ubc18\uc801\uc73c\ub85c \uc608\uc0c1 \ubc94\uc704 \uc548\uc5d0 \uc788\ub2e4\uace0 \ud588\ub2e4.\n\n\ud68c\uc758\ub85d\uc740 \ud655\uc778\ub41c \uc704\ud5d8 \uc694\uc778\ub4e4 \uac00\uc6b4\ub370 \uc5b4\ub290 \uac83\ub3c4 \ubb3c\uac00 \uc804\ub9dd\uc744 \uc758\ubbf8 \uc788\uac8c \ubc14\uafc0 \uc815\ub3c4\ub85c \ud604\uc2e4\ud654\ub418\uc9c0\ub294 \uc54a\uc558\ub2e4\uace0 \ubc1d\ud614\ub2e4. \ub610 \ud604\uc7ac\uc758 \u2018\uc815\ucc45\uae08\ub9ac(policy rates: \uc911\uc559\uc740\ud589\uc774 \uae30\uc900\uc73c\ub85c \uc815\ud558\ub294 \uae08\ub9ac)\u2019\ub294 \ucda9\uaca9\uc5d0 \ub300\uc751\ud560 \uc720\uc5f0\uc131\uc744 \uc81c\uacf5\ud558\uba70, \u2018\uc911\uae30 \ubb3c\uac00 \uc804\ub9dd(medium-term inflation outlook: \uba87 \ubd84\uae30~\uba87 \ub144\uc744 \ubcf4\ub294 \ubb3c\uac00 \uc804\ub9dd)\u2019\uc5d0 \ud2b9\ubcc4\ud55c \uc601\ud5a5\uc744 \uc8fc\uc9c0\ub294 \uc54a\ub294\ub2e4\uace0 \ud588\ub2e4.\n\n

\uc815\ucc45\uae08\ub9ac\uc640 \ubb3c\uac00 \uc804\ub9dd<\/h3>\n\ud68c\uc758\ub85d\uc740 \ud5a5\ud6c4 \uba87 \ub2ec \ub3d9\uc548 \uc704\ud5d8\uc774 \uc804\uac1c\ub418\ub294 \uc0c1\ud669\uc5d0\uc11c \u2018\ubd88\ud655\uc2e4\uc131(uncertainty: \ubbf8\ub798\ub97c \uc608\uce21\ud558\uae30 \uc5b4\ub824\uc6b4 \uc0c1\ud0dc)\u2019\uc774 \uae08\ub9ac\ub97c \uadf8\ub300\ub85c \uc720\uc9c0\ud558\ub294 \ud310\ub2e8\uc744 \ub4b7\ubc1b\uce68\ud560 \uc218 \uc788\ub2e4\uace0 \ud588\ub2e4. \ub610\ud55c \ub2e8\uae30 \ubb3c\uac00\uac00 \uc774\uc804 \uc608\uc0c1\ubcf4\ub2e4 \ubaa9\ud45c\uce58 \uc544\ub798\ub85c \ub354 \ub0b4\ub824\uac08 \uac00\ub2a5\uc131\uc774 \ud06c\ub2e4\uace0 \ub9d0\ud588\ub2e4.\n\nECB \u2018\uc815\ucc45\uacb0\uc815\uae30\uad6c(Governing Council: ECB\uc5d0\uc11c \uae08\ub9ac \ub4f1\uc744 \uacb0\uc815\ud558\ub294 \uc704\uc6d0\ud68c)\u2019\ub294 \ud604\uc7ac\uc758 \uc815\ucc45 \uae30\uc870\uac00 \uc801\uc808\ud558\uc9c0\ub9cc \uace0\uc815\ub41c \uac83\uc740 \uc544\ub2c8\uba70, \ud544\uc694\ud560 \ub54c \ud589\ub3d9\ud558\ub294 \uac83\uc744 \uc8fc\uc800\ud558\uc9c0 \uc54a\ub418 \uc11c\ub450\ub974\uc9c0 \uc54a\uace0 \uae30\ub2e4\ub9b4 \uc218 \uc788\ub2e4\uace0 \ud588\ub2e4. \ub610\ud55c \ucd5c\uadfc \uc131\uc7a5 \ud750\ub984\uc740 \uae30\ubcf8 \ubb3c\uac00 \uc804\ub9dd\uc5d0 \uc0c1\ubc29 \uc704\ud5d8(\ubb3c\uac00\uac00 \ub354 \uc624\ub97c \uc704\ud5d8)\uc744 \ub9cc\ub4e4\uc9c0 \uc54a\uc73c\uba70, \ub300\ubd80\ubd84\uc758 \uc704\uc6d0\uc740 \uc704\ud5d8\uc774 \u2018\uc591\ubc29\ud5a5(two-sided: \ubb3c\uac00\uac00 \uc624\ub97c \uc218\ub3c4 \ub0b4\ub9b4 \uc218\ub3c4 \uc788\ub294 \uc704\ud5d8)\u2019\uc774\ub77c\uace0 \ubcf4\ub418 \uae30\ubcf8 \uc2dc\ub098\ub9ac\uc624 \uc8fc\ubcc0\uc5d0\uc11c \uc704\ud5d8 \ubd84\ud3ec\uac00 \ud06c\uac8c \ubc14\ub00c\uc9c0\ub294 \uc54a\uc558\ub2e4\uace0 \ubd24\ub2e4.\n\n\uc2dc\uc7a5 \ubc18\uc751\uc740 \uc81c\ud55c\uc801\uc774\uc5c8\ub2e4. \ubaa9\uc694\uc77c EUR\/USD(\uc720\ub85c\/\ub2ec\ub7ec \ud658\uc728)\ub294 0.17% \ud558\ub77d\ud574 1.1620 \ubd80\uadfc\uc5d0\uc11c \uac70\ub798\ub410\ub2e4. \uc774 \ud68c\uc758\ub85d \ubb38\uc11c\ub294 \uae08\uc735\uc2dc\uc7a5, \uacbd\uc81c, \ud1b5\ud654(\ub3c8\uacfc \uc2e0\uc6a9) \ub3d9\ud5a5\uc744 \uc694\uc57d\ud558\uace0, \uc815\ucc45 \ud1a0\ub860 \ub0b4\uc6a9\uc744 \uc775\uba85\uc73c\ub85c \uc815\ub9ac\ud574 \uacb0\uc815 \uc774\uc720\ub97c \uc124\uba85\ud55c\ub2e4.\n\n2025\ub144 2\uc6d4 \ud68c\uc758\ub85d\uc744 \ub418\ub3cc\uc544\ubcf4\uba74, ECB\ub294 \uc790\uc2e0\uac10\uc740 \uc788\uc5c8\uc9c0\ub9cc \uc11c\ub450\ub974\uc9c0 \uc54a\uc558\ub2e4. \ubb3c\uac00\uac00 \ub300\uccb4\ub85c \uc608\uc0c1 \uacbd\ub85c\uc5d0 \uc788\ub2e4\uace0 \ubcf4\uba74\uc11c\ub3c4 \ud658\uacbd\uc774 \ubd88\ud655\uc2e4\ud574 \uae30\ub2e4\ub9ac\uae30\ub85c \ud588\ub2e4. \uc774\ub294 \uacbd\uc81c \uc704\ud5d8\uc774 \uc5b4\ub5bb\uac8c \uc804\uac1c\ub418\ub294\uc9c0 \ubcf4\uae30 \uc704\ud574 \uae08\ub9ac\ub97c \ub2f9\ubd84\uac04 \uc720\uc9c0\ud558\ub294 \uae30\uc900 \ubc29\ud5a5\uc744 \ub9cc\ub4e4\uc5c8\ub2e4.\n\n

\uc0c8 \ub370\uc774\ud130\uac00 \uc2dc\ud5d8\ud558\ub294 ECB\uc758 \uc778\ub0b4<\/h3>\n\uc624\ub298\uc740 \uc0c8 \ub370\uc774\ud130\uac00 \uadf8 \u2018\uc778\ub0b4(patience: \uc11c\ub450\ub974\uc9c0 \uc54a\uace0 \uae30\ub2e4\ub9ac\ub294 \ud0dc\ub3c4)\u2019\ub97c \uc2dc\ud5d8\ud558\uace0 \uc788\ub2e4. \uc720\ub85c\uc2a4\ud0c0\ud2b8(Eurostat: EU\uc758 \uacf5\uc2dd \ud1b5\uacc4\uae30\uad00)\uc758 2026\ub144 2\uc6d4 \u2018\uc18d\ubcf4 \ucd94\uc815\uce58(flash estimate: \ucd5c\uc885 \ud655\uc815 \uc804\uc758 \ube60\ub978 \uc608\ube44 \ubc1c\ud45c)\u2019\uc5d0 \ub530\ub974\uba74, \u2018\ud5e4\ub4dc\ub77c\uc778 \uc778\ud50c\ub808\uc774\uc158(headline inflation: \uc5d0\ub108\uc9c0\u00b7\uc2dd\ud488 \ub4f1\uc744 \ud3ec\ud568\ud55c \uc804\uccb4 \ubb3c\uac00 \uc0c1\uc2b9\ub960)\u2019\uc774 \uc608\uc0c1\uacfc \ub2ec\ub9ac 2.3%\ub85c \uc18c\ud3ed \uc0c1\uc2b9\ud588\ub2e4. \uc774\ub294 \u2018\uc11c\ube44\uc2a4 \ubb3c\uac00 \uc0c1\uc2b9(services inflation: \uc11c\ube44\uc2a4 \uac00\uaca9\uc758 \uc0c1\uc2b9)\u2019\uc774 \uc27d\uac8c \ub0b4\ub824\uc624\uc9c0 \uc54a\uc740 \uc601\ud5a5\uc774 \ucef8\ub2e4. \uc774\ub294 \uc9c0\ub09c\ud574 \u201c\ubb3c\uac00 \uc555\ub825\uc774 \uacc4\uc18d \uc57d\ud574\uc9c4\ub2e4\u201d\ub294 \ud750\ub984\uc5d0 \uc758\ubb38\uc744 \ub358\uc9c4\ub2e4.\n\n\uc774\ub85c \uc778\ud574 ECB\ub294 \uc5b4\ub824\uc6b4 \uc0c1\ud669\uc5d0 \ub193\uc600\ub2e4. \ucd5c\uadfc \uc720\ub85c\uc874 \uc81c\uc870\uc5c5 PMI(\uad6c\ub9e4\uad00\ub9ac\uc790\uc9c0\uc218, Purchasing Managers\u2019 Index: \uae30\uc5c5 \uc124\ubb38\uc73c\ub85c \uacbd\uae30 \ud655\uc7a5\/\uc704\ucd95\uc744 \ubcf4\uc5ec\uc8fc\ub294 \uc9c0\ud45c)\uac00 48.5\ub85c \ub5a8\uc5b4\uc84c\uae30 \ub54c\ubb38\uc774\ub2e4. PMI\ub294 \ubcf4\ud1b5 50 \uc544\ub798\uba74 \uacbd\uae30 \uc704\ucd95\uc744 \ub73b\ud55c\ub2e4. \uc911\uc559\uc740\ud589\uc740 \uc57d\ud558\uc9c0\ub9cc \ub0b4\ub824\uc624\uc9c0 \uc54a\ub294 \ubb3c\uac00\uc640, \uc57d\ud574\uc9c4 \uacbd\uc81c\ub97c \ub3d9\uc2dc\uc5d0 \uc0c1\ub300\ud574\uc57c \ud55c\ub2e4. \uc774\ub7f0 \ucda9\ub3cc\uc740 \uc2dc\uc7a5 \ubcc0\ub3d9\uc131\uc774 \ucee4\uc9c8 \uc218 \uc788\ub2e4\uace0 \ubcf4\ub294 \uac70\ub798\uc790\uc5d0\uac8c \uae30\ud68c\ub97c \ub9cc\ub4e0\ub2e4.\n\n\uae08\ub9ac \u2018\ud30c\uc0dd\uc0c1\ud488(derivatives: \uae08\ub9ac \uac19\uc740 \uae30\ucd08\uc790\uc0b0\uc758 \uac12\uc5d0 \ub530\ub77c \uac00\uce58\uac00 \ubcc0\ud558\ub294 \uacc4\uc57d)\u2019\uc744 \uac70\ub798\ud558\ub294 \uc0ac\ub78c\uc5d0\uac8c\ub294, \uc2dc\uc7a5\uc774 2026\ub144 \uae08\ub9ac \uc778\ud558 \uc2dc\uc810\uc744 \ub108\ubb34 \ube60\ub974\uac8c \ubcf4\uace0 \uc788\uc744 \uc218 \uc788\ub2e4\ub294 \uc2e0\ud638\uac00 \ub41c\ub2e4. \ub530\ub77c\uc11c EURIBOR \uc120\ubb3c(EURIBOR futures: \uc720\ub85c\uc874 \ub2e8\uae30\uae08\ub9ac\uc778 \uc720\ub9ac\ubcf4\uc5d0 \uc5f0\ub3d9\ub41c \uc120\ubb3c) \uac00\uaca9\uc5d0 \ubc18\uc601\ub41c \uae30\ub300\ubcf4\ub2e4 ECB\uac00 \u201c\ub354 \uc624\ub798 \ub192\uc740 \uae08\ub9ac\ub97c \uc720\uc9c0\u201d\ud560 \ub54c \uc720\ub9ac\ud55c \ud3ec\uc9c0\uc158\uc744 \uace0\ub824\ud560 \uc218 \uc788\ub2e4. \uc9c0\ub09c \ud55c \ub2ec \ub3d9\uc548 \uc778\ud558 \uc9c0\uc5f0 \uc704\ud5d8\uc740 \ubd84\uba85\ud788 \ucee4\uc84c\ub2e4.\n\n\ud658\uc728 \uc2dc\uc7a5\uc5d0\uc11c\ub294 \uc774\uac83\uc774 EUR\/USD\uc758 \uac00\uaca9 \ubcc0\ub3d9 \uac00\ub2a5\uc131\uc73c\ub85c \uc774\uc5b4\uc9c4\ub2e4. \uc720\ub85c \uc635\uc158\uc758 \u2018\ub0b4\uc7ac \ubcc0\ub3d9\uc131(implied volatility: \uc635\uc158 \uac00\uaca9\uc5d0 \ubc18\uc601\ub41c \uc2dc\uc7a5\uc758 \uc608\uc0c1 \ubcc0\ub3d9\uc131)\u2019\uc740 \ube44\uad50\uc801 \ub0ae\uc558\uc9c0\ub9cc, ECB\uc758 \uc815\ucc45 \ub51c\ub808\ub9c8\uac00 \uc774\ub97c \ub192\uc77c \uc218 \uc788\ub2e4. \ub2e4\uc74c \ud68c\uc758 \uc804\ud6c4\ub85c \ubcc0\ub3d9\uc131 \ud655\ub300\uc5d0 \uc774\uc775\uc774 \ub098\ub294 \uc804\ub7b5(\uc608: \ub871 \uc2a4\ud2b8\ub798\ub4e4, long straddles: \ucf5c\uc635\uc158\uacfc \ud48b\uc635\uc158\uc744 \ub3d9\uc2dc\uc5d0 \uc0ac\uc11c \ud070 \ubcc0\ub3d9\uc774 \ub098\uba74 \uc218\uc775\uc744 \ub178\ub9ac\ub294 \ubc29\uc2dd)\uc774 \ud6a8\uacfc\uc801\uc77c \uc218 \uc788\ub2e4.\n\n2022~2023\ub144\uc758 \ube60\ub978 \uae08\ub9ac \uc778\uc0c1\uc740 ECB\uac00 \uacbd\uc81c \uc131\uc7a5 \ub454\ud654 \ube44\uc6a9\uc774 \uc788\ub354\ub77c\ub3c4 \ubb3c\uac00\ub97c \ub9c9\uae30 \uc704\ud574 \ub2e8\ud638\ud558\uac8c \uc6c0\uc9c1\uc77c \uc218 \uc788\uc74c\uc744 \ubcf4\uc5ec\uc92c\ub2e4. \uc774\ub7f0 \uc804\ub840\ub294 ECB\uac00 \uae08\ub9ac\ub97c \ub108\ubb34 \ube68\ub9ac \ub0b4\ub9ac\ub294 \uac83\uc744 \ub9e4\uc6b0 \uc870\uc2ec\ud560 \uac00\ub2a5\uc131\uc744 \uc2dc\uc0ac\ud558\uba70, \uc2dc\uc7a5\uc774 \ub354 \uc2e0\uc911\ud55c \uc911\uc559\uc740\ud589\uc744 \ub300\ube44\ud574\uc57c \ud55c\ub2e4\ub294 \uad00\uc810\uc744 \uac15\ud654\ud55c\ub2e4.\n\n\n

VT Markets \ub77c\uc774\ube0c \uacc4\uc815\uc744 \ub9cc\ub4e4\uace0 \uc9c0\uae08 \ubc14\ub85c \uac70\ub798<\/a>\ub97c \uc2dc\uc791\ud558\uc138\uc694.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

ECB\ub294 2025\ub144 2\uc6d4 \uc778\ud50c\ub808\uc774\uc158 \uc804\ub9dd \uc720\uc9c0\ud558\uba70 \uae08\ub9ac \ub3d9\uacb0 \uc5ec\uc9c0 \uac15\uc870. \uadf8\ub7ec\ub098 2026\ub144 2\uc6d4 \ubb3c\uac00 2.3% \uc7ac\uc0c1\uc2b9\uacfc PMI \uc704\ucd95\uc73c\ub85c \u2018\uace0\uae08\ub9ac \uc7a5\uae30\ud654 vs \uacbd\uae30\u2019 \ub51c\ub808\ub9c8, \ubcc0\ub3d9\uc131 \ud655\ub300 \uac00\ub2a5. – vtmarkets.com<\/p>\n","protected":false},"author":103,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-39693","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/39693","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/users\/103"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=39693"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/39693\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=39693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=39693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=39693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}